The bushfire devastation has been incredibly distressing for so many Australians this summer. The emotional and financial scars will be felt for a long time on so many levels. My heart goes out to those rebuilding their lives, homes and businesses. One of the biggest financial hits to these regions will be to the value… Read more »
It can be exciting to find your ‘dream home’, but is it really a home you can afford? Many first home buyers quickly discover that their dream home has turned into a nightmare. That’s because they max their borrowing power to the hilt and then struggle to pay back their home loan. You don’t want… Read more »
An investigation into the places in Sydney and Melbourne where people hold onto their properties for a long time has given new meaning to the meaning “exclusive suburb”. RiskWise Property Research has found the five suburbs in both capitals where people hang onto their homes for at least 20 years and whether upmarket or The… Read more »
Surging property values in Sydney and Melbourne during November, along with a housing rebound in Perth, has delivered the biggest increase in national house prices in 16 years. Sydney and Melbourne property prices rose 2.7% and 2.2% respectively in November Those increases, along with Perth rebounding, led to the biggest monthly jump in national house… Read more »
I met a bloke this week who is in an ongoing dispute with one of the big banks over guarantees against a series of property investments he did with a business partner. Basically he and the business partner borrowed millions to build a property investment portfolio. The business partner then skipped out and the bank… Read more »
Australia’s two biggest property markets, Sydney and Melbourne, are projected to hit new peaks by the end of 2020 that could see regulatory authorities reintroduce measures to calm an overheated market, according to RiskWise Property Research. While the market has been subdued for around two years, the Reserve Bank’s interest rate cuts and relaxed lending… Read more »
What’s the first thing that comes to your mind when you think of a mortgage application? Piles of paperwork? Death by documentation? What if you could get approved for a home loan in a matter of hours without having to provide any physical documents? Yes, it is possible. As of today, 86 400 has become… Read more »
Hey gang, get up to speed on this week’s financial trends with my market updates. This Week’s Economic Pulse – The Federal Budget is effectively balanced. The deficit for the 12 months to May 2019 was just $148 million…well below the full-year estimate of $4.2 billion made at the time of the April 2019 budget. According… Read more »
Hey gang, get up to speed on this week’s financial trends with my market updates. This has been a huge week for economic data and a barrage of diverse media commentary scaring everyone. So here’s my take: – Economic growth for June quarter came in at 0.5 per cent which translates to annual growth of… Read more »
I’ve been talking about this for the last few months… the bottoming of the slump in Sydney and Melbourne residential house prices. I thought they’d just bump along the bottom for a while. But a bloke I really respect, SQM Research’s Lois Christopher, is thinking we might be headed for a quick return to boom… Read more »
